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• Discount Broker Blues part 3 by Dan Weinberg

  ARTICLE SYNOPSIS ...Discount Broker Blues part 3 by Dan Weinberg The conclusion to Weinberg's experiences as a novice trader learning how to play the game the hard way. PURCHASE AND PANIC (PART TWO) Merger Mania is another form of Takeover Mania, but my example here is a wee bit different. As with Storer Communications, this time I thought I had an absolutely certain winner . . . (Are you starting to hear the melody of ""The Discount Broker Blues"" a little more clearly?) On January 31, I bought 100 shares of American Hospital Supply at the relatively low price of 315/8. The company manufactures and distribute...

AUTHOR: Dan WeinbergDATE: MAR 1986

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• Discount broker blues by Dan Weinberg

  ARTICLE SYNOPSIS ...Discount broker blues by Dan Weinberg ""Do-it-yourself investing is easy!"" --a discount broker ad ""There's a sucker born every minute.""--P.T. Barnum ""I really thought I knew what I was doing!""--Anonymous Hook All your life you've scoffed at people who read Barron's or the Wall Street Journal . They're just money-grubbing capitalists who are already rich and enjoy checking out the ups and downs of their pet corporations to see if they can get even richer. Not like the ordinary working man, someone like you, who has to work hard for his take-home pay. It's just a simple case of the ""have...

AUTHOR: Dan WeinbergDATE: NOV 1985

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• Discount broker blues Part 2 by Dan Weinberg

  ARTICLE SYNOPSIS ...Discount broker blues Part 2 by Dan Weinberg Beginner's Luck Everyone assumes that when you talk about ""beginner's luck"" you are referring to good luck. This is an incorrect assumption in many cases, and it certainly was with my early trades in the stock market. Let's begin with those first ten stock trades. After realizing that I was $350 in the red before even getting out of the starting gate, I watched in amazement as my ""well-chosen stocks"" began to descend in value, even as they had ascended during my ""practice period.'' These were no speculative stocks, mind you; they were ""blue...

AUTHOR: Dan WeinbergDATE: DEC 1985